H.R. 2745 · 111th Congress
TARP Repayment and Termination Act of 2009
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HensarlingSponsor33 cosponsors · 33 R
R
Brady
JB
R
Bonner
MB
R
Bachmann
TC
R
Cole
JC
R
Chaffetz
JF
R
Flake
JF
R
Forbes
TF
R
Franks
VF
R
Foxx
MF
R
Fallin
SG
R
Garrett
LG
R
Gohmert
WH
R
Herger
GH
R
Harper
DH
R
Hunter
JJ
R
Jordan
SK
R
King
DL
R
Lamborn
RL
R
Latta
KM
R
Marchant
PO
R
Olson
JP
R
Pitts
TP
R
Price
TP
R
Poe
BP
R
Posey
JS
R
Shadegg
LS
R
Smith
JW
R
Wilson
PS
R
Sessions
RH
R
Hall
WJ
R
Jones
MB
R
Burgess
LT
R
Terry0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
TARP Repayment and Termination Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to grant any financial institution that received or receives assistance under the Troubled Asset Relief Program (TARP) the right to repay all of it immediately if the institution will be well capitalized after such repayment and has made any payment…
What it does: CRS summary · Introduced in House · Jun 8, 2009
TARP Repayment and Termination Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to grant any financial institution that received or receives assistance under the Troubled Asset Relief Program (TARP) the right to repay all of it immediately if the institution will be well capitalized after such repayment and has made any payment due to the Secretary of the Treasury by reason of receiving such assistance.
Allows bank holding companies assessed under the Supervisory Capital Assessment Program (SCAP) to repay all of their TARP assistance immediately if the Secretary determines that they meet specified criteria, including the ability, along with their subsidiary banks, to meet all ongoing funding requirements and obligations to counterparties while reducing reliance on government capital and the Temporary Liquidity Guarantee Program (TLGP).
Directs the Secretary to notify financial institutions unable to repay their TARP assistance of detailed steps to take to put themselves in a position to make such repayment.
Gives financial institutions making a full repayment of TARP assistance the right to repurchase preferred shares purchased or held by the Secretary as a result of the Secretary's exercise of warrants at the same price paid by the Secretary for such shares or warrants.
Requires the Secretary to liquidate at the market price warrants associated with repaid TARP assistance.
Eliminates the Secretary's authority to extend TARP beyond its termination date.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: TARP Repayment and Termination Act of 2009
Latest action (Jun 8, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 8, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.